Sprout Social Inc’s recently made public that its Executive Chair Howard Justyn Russell unloaded Company’s shares for reported $1.27 million on Jan 15 ’25. In the deal valued at $31.67 per share,40,000 shares were sold. As a result of this transaction, Howard Justyn Russell now holds 27,136 shares worth roughly $0.9 million.
Then, Walker Karen sold 5,000 shares, generating $151,320 in total proceeds. Upon selling the shares at $30.26, the Director now owns 30,665 shares.
Before that, Del Preto Joseph sold 1,500 shares. Sprout Social Inc shares valued at $46,755 were divested by the CFO and Treasurer at a price of $31.17 per share. As a result of the transaction, Del Preto Joseph now holds 151,573 shares, worth roughly $5.02 million.
Scotiabank initiated its Sprout Social Inc [SPT] rating to a Sector perform in a research note published on November 19, 2024; the price target was $28. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who decreased its forecast for the stock in late August from “a Sector weight” to “an Underweight”. William Blair also remained covering SPT and has decreased its forecast on May 03, 2024 with a “Mkt perform” recommendation from previously “an Outperform” rating. Robert W. Baird revised its rating on May 03, 2024. It rated SPT as “a Neutral” which previously was an “an Outperform”.
Price Performance Review of SPT
On Monday, Sprout Social Inc [NASDAQ:SPT] saw its stock jump 1.41% to $33.13. Over the last five days, the stock has lost -0.93%. Sprout Social Inc shares have risen nearly 7.88% since the year began. Nevertheless, the stocks have fallen -45.98% over the past one year. While a 52-week high of $68.41 was reached on 01/28/25, a 52-week low of $25.05 was recorded on 01/13/25. SMA at 50 days reached $32.34, while 200 days put it at $32.74.
Levels Of Support And Resistance For SPT Stock
The 24-hour chart illustrates a support level at 31.82, which if violated will result in even more drops to 30.51. On the upside, there is a resistance level at 34.41. A further resistance level may holdings at 35.68. The Relative Strength Index (RSI) on the 14-day chart is 54.68, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 41.08%. Stochastics %K at 59.47% indicates the stock is a holding.
How much short interest is there in Sprout Social Inc?
A steep rise in short interest was recorded in Sprout Social Inc stocks on 2025-01-15, growing by 0.24 million shares to a total of 5.31 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 5.08 million shares. There was a rise of 4.46%, which implies that there is a positive sentiment for the stock.
